Chicago | Reuters -- U.S. corn futures fell to three-year lows on Wednesday, nearing $4 a bushel as ample domestic grain supplies and strong South American crop prospects weighed on sentiment, analysts said.
Cereals
U.S. grains: Corn slides to three-year low near $4 a bushel on ample supplies
Soybeans followed corn lower; wheat ended mostly weaker
ICE Canada weekly outlook: Markets to react to Nvidia earnings report
Tech giant, while unrelated to crops, asserts gravitational pull on markets
The path canola as well as other commodities will very likely be determined by the latest earnings report from technology giant, Nvidia, according to analyst Errol Anderson of Errol’s Commodity Wire in Calgary, Alta.
Indian farmers pause protest march to Delhi after government offers talks
Farmers demanding higher crop prices backed by law
Indian farmers demanding higher prices for their produce paused their protest on Wednesday after the government made a new offer to resume talks, hours after police fired tear gas and used water cannons to scatter thousands staging a march to Delhi.
Prairie forecast: Mild start, then a chance of storms
Issued Feb. 21, covering Feb. 21 to 28, 2024
Sunshine prevailed a fair bit more over the last forecast period than expected and so did the milder temperatures. Oh, sure there were a couple of cold nights, especially over the eastern half of the prairies, but overall, temperatures ended up being about 2 to 4 C warmer than what was forecasted.
Feds reduce interest-free portion of cash advance
Increases implemented over the last few years have been discontinued, leaving farmers to pay higher interest cost
Farmers applying for spring cash advances should be aware the interest-free portion has dropped back to 2021 levels.
Canadian farmers blamed for ag chemical in U.S. oat foods
Discovery sets off media story despite samples testing well inside safe levels
A U.S. environmental group is pointing a finger at Canadian oat growers, saying they’re the cause of ag chemical residues found in Cheerios and Quaker Oats.
Record large fund short position grows in canola
Net short in soybeans, corn also grew
Speculators added to their already record large net short position in early February, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
U.S. grains: Soy futures rebound as corn sets new three-year lows
Soybean market oversold, analyst says
Chicago Board of Trade soybean futures jumped on Friday on short covering before a long weekend, a day after slumping to a three-year low, analysts said.
New farm income record set in 2023, estimates suggest
Despite challenges like drought and war, Canadian farms proved resilient
Canadian farm income may have set a new record in 2023. That's according to the official 2023 and 2024
estimates released February 16 by Agriculture and Agri-Food Canada.
U.S. corn, soybean, wheat yields to rise in 2024/25
More soybean acres; corn and wheat area to drop
Yields for United States soybeans, corn and wheat were projected to increase in 2024/25, according to the Department of Agriculture at its 100th annual Outlook Forum on Feb. 15. Also, the USDA said there’s to be more soybean acres but less for corn and wheat for the coming crop year.
Cyber-Savvy Farmer
